RISK MANAGEMENT IN PRODUCT DEVELOPMENT – CURRENT METHODS

DS 36: Proceedings DESIGN 2006, the 9th International Design Conference, Dubrovnik, Croatia

Year: 2006
Editor: Marjanovic, D.
Author: Oehmen, J.; Dick,B.; Lindemann, U.; Seering, W.
Section: MODELLING AND MANAGEMENT OF ENGINEERING PROCESSES WORKSHOP
Page(s): 1551-1558

Abstract

The paper explores Risk Management in Product Development, with the main focus being the review and discussion of current methods. A literature review is combined with an industry field study. Risk Management is seen as one possible answer to addressing the challenge of increasingly complex products and processes, as well as to external regulations. A comprehensive process outline for Risk Management is briefly introduced. Selected methods for Risk Management are discussed and assessed along this process e.g. Identification by Failure Modes, Risk Matrix, Scenario-based Tracking. It is concluded that in order to develop a truly holistic Risk Management approach, more work needs to be invested into defining a general framework for discussion.

Keywords: risk management, crisis prevention, methods, process model

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